The legislation, sponsored by Sen. Rob Mayer (R-Dexter) allows the Higher Education Loan Authority of the State of Missouri (MOHELA) to expand its student loan offerings by permitting the state-sponsored organization to serve as the original source for federal
Currently, MOHELA is one of the only state-based student loan lending institutions in the country that does not originate, or serve as the original funding source for federally-guaranteed
Federal loans are generally the most affordable loans available to students with the best interest rates and deferred payments until after graduation. By allowing MOHELA to expand its current offerings, students approved for
Senate Bill 967 received final approval from the Senate earlier this month, and was passed yesterday (4/28) by the House.
The 2008 regular session will run through May 16. For more information about the events and legislation in the Missouri Senate, visit www.senate.mo.gov. To contact Senate Communications, call (573) 751-3824 or send an email to email@example.com.